Prodigy Finance provides collateral‑free, no‑co‑signer loans to eligible international master’s students, covering up to 100% of tuition and living costs for programs at over 1,500 universities worldwide. Loans are offered with variable interest rates tied to future earning potential, include a single processing fee and a transparent administration fee, and are managed through an online dashboard and mobile app.
Funding
$310M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
USFounders
Product
Problem
International students pursuing master’s degrees often cannot secure affordable financing because traditional lenders require local credit history, collateral, or a co‑signer, limiting access to top universities worldwide.
Solution
Prodigy Finance offers collateral‑free, no‑co‑signer loans to eligible students from over 120 countries for master’s programs at more than 1,500 schools across the US, UK, Europe, Canada, Australia and other destinations. Applicants complete an online eligibility check and receive a personalized loan offer with a variable interest rate that reflects their future earning potential. The loan can cover up to 100 % of the total cost of attendance, including tuition and living expenses, and is disbursed directly to the university. A single $500 processing fee and a transparent 4 % administration fee are added to the loan balance, with no early‑repayment penalties. Borrowers manage their account, view repayment schedules and track salary forecasts through a web dashboard and mobile app.
Target Audience
Prospective master’s students from eligible countries who are applying to partner universities in the US, UK, Europe, Canada, Australia and other major study destinations.
Features
- Online eligibility tool that verifies university, country and program support within seconds
- Variable interest rates based on a fixed margin plus market‑linked base rates (SOFR/Euribor)
- Full‑cost‑of‑attendance financing up to $220,000, without collateral or a co‑signer
- One‑time $500 processing fee and a 4 % admin fee incorporated into the loan balance
- Direct disbursement to the school; tuition paid first, living expenses released thereafter
- 14‑day provisional offer, digital document upload, and automated credit‑matching process
- Web and mobile dashboard with repayment tracking, salary forecasting and early‑repayment option
- No hidden fees or penalties for early repayment